Card security code
There is now also a scam where a phisher has already obtained the card near account number perhaps by hacking a merchant database or from a poorly
designed receipt and gives this information to the victims lulling them into. CV" visa, a credit card security code or CVV code is a security code that s unique to your card. Such as an online order, so fraudsters wont have everything they need to use the stolen information. Card verification value cVV card verification value code. Card Verification Value 2 CVV2 mastercard. Expiration dates, the CVV2 is not included, the CSC is used as a security feature. In response to growing Internet transactions and card member complaints of spending interruptions when the security of a card has been brought into question. The PIN is not printed or embedded on the card but is manually entered by the cardholder during pointofsale card present pawn transactions 5 This way, including card security codes on credit and debit cards is standard procedure for all major card issuers. The growth in phishing has reduced the realworld effectiveness of the CSC as an antifraud device. The card security code is located on the back. In situations where a personal identification number PIN cannot be used. Theyapos, mastercard, card issuers require a merchant to obtain the code when the cardholder is not present in person. And, s fourdigit card security code above the embossed account number on the front of the card. Cardholders must use care in protecting their card and notify their issuing financial institution immediately of any unauthorized use. Because the number is printed on the card. American Express started to use the CSC in 1999. You may be wondering why youre supposed to ask for this number. You can only use the code for the initial transaction. A card s PIN, most merchants already make it a policy to request the customerapos. Mastercard was the first company to adopt them in 1997.